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Well-known asset management companies have condemned the risks of modern slavery and human rights violations in the extraction of cobalt in Central Africa.
Cobalt is a key component of rechargeable lithium
From smartphones to laptops and electric cars, ion batteries for objects.
Demand for rare earths by large consumer brands and automakers is growing rapidly as lithium
The ion battery is smaller and lighter than the lead acid battery and can hold more energy.
Research predicts demand could rise by 30-fold by 2030.
In a report published yesterday, Hermes Investment Management described the "terrible" working conditions for cobalt production, more than half of which were mined in the Democratic Republic of the Congo, one of the poorest countries in the world